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STAAR Surgical Announces Closing of Common Stock Offering

  • 2007-05-01
  • Press release

MONROVIA, Calif., May 1 /PRNewswire-FirstCall/ -- STAAR Surgical Company (Nasdaq: STAA), a developer, manufacturer and marketer of implantable lenses and related ophthalmic products, today announced the closing of an underwritten public offering of 3,600,000 million shares of its common stock, including the over-allotment option of 469,565 shares, at a price to the public of $5.00 per share. The gross proceeds of the offering, before deducting underwriting commissions and estimated offering expenses, were $18.0 million. The net proceeds were approximately $16.7 million. All shares of the common stock offered by STAAR were sold pursuant to a shelf registration statement that was declared effective by the U.S. Securities and Exchange Commission on August 8, 2006.

Pacific Growth Equities, LLC acted as the sole underwriter for this offering. Copies of the prospectus supplement and base prospectus relating to the offering may be obtained from Pacific Growth Equities, LLC, One Bush Street, Suite 1700, San Francisco, CA 94104.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

The offering of these shares of common stock may be made only by means of a prospectus supplement to the prospectus contained in the shelf registration statement, which is also called the base prospectus. Such prospectus supplement, which incorporates the base prospectus, has been filed with the SEC, and is available on the SEC's website at http://www.sec.gov.


     CONTACT:
     Investors                              Media
     EVC Group                              EVC Group
     Douglas Sherk, 415-896-6820            Jennifer Saunders, 646-201-5431
     Jennifer Beugelmans, 646-201-5447
SOURCE  STAAR Surgical Company
    -0-                             05/01/2007
    /CONTACT:  Investors, Douglas Sherk, +1-415-896-6820, or Jennifer
Beugelmans, +1-646-201-5447, or media, Jennifer Saunders, +1-646-201-5431, all
of EVC Group/
    /Web site:  http://www.staar.com/
    (STAA)

CO:  STAAR Surgical Company
ST:  California
IN:  HEA MTC
SU:  OFR

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9247 05/01/2007 11:45 EDT http://www.prnewswire.com